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Cryptocurrencies Price Prediction: Uniswap, Cosmos and Ripple – European Wrap 24 February

Cryptocurrencies Price Prediction: Uniswap, Cosmos and Ripple – European Wrap 24 February
FXStreet TeamFXStreet TeamFXStreet

UNI aims for V-shaped recovery towards $33

Uniswap price suffered a major 45% pullback in the past three days, dropping to a low of $18.1 from its all-time high of $32.99. The digital asset has defended a crucial support level and aims for a notable rebound. Read more...

uni price

ATOM hints at a 57% drop if critical support barrier is breached

Cosmos price has been on a roller coaster ride as it did a 5x since the start of 2021. However, its recent development starting from early February is concerning. Sellers are overwhelming the buyers, and if it continues, ATOM’s gains could vanish. Read more...

ATOM/USDT 4-hour chart

XRP on-chain metrics scream buy as upswing to $1 looms

Ripple is nurturing an uptrend, following the recent breakdown to $0.35. The losses XRP suffered spread across the board in the market. Several tentative support levels did little to stop the sharp drop, including $0.55 and $0.4. Meanwhile, the cross-border token bulls have regained control, ready for another upswing to $1. Read more...

XRP/USD 4-hour chart

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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Democrats win House and Senate in US midterms: Why isn’t all bad news for crypto

Democrats win House and Senate in US midterms: Why isn’t all bad news for crypto

The biggest story this week was Tuesday’s US midterm elections, which saw Democrats win control of both the House and the Senate in a clear blue wave. This political shift in the US has triggered sharp price swings across the cryptocurrency market.

Ripple nears oversold territory as traders eye buying opportunities

Ripple nears oversold territory as traders eye buying opportunities

Ripple remains structurally capped near $1.20 after selling pressure wiped out the early-week rise to $1.34, driven by the US midterm elections. Market participants exhibited regulatory concerns ahead of the Democrats taking control of Congress in January, with many repositioning and adjusting their portfolios.

Bitcoin Weekly Forecast: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin Weekly Forecast: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin is down over 3% this week, trading near $75,500 on Friday and heading for its fifth straight weekly loss. A sharp sell-off in US technology stocks reversed Bitcoin’s post-election rally on Thursday, triggering a wave of liquidations across the market and intensifying bearish pressure.

Post-US midterm elections market sell-off weighs on PI

Post-US midterm elections market sell-off weighs on PI

Pi Network (PI) continues to attract sellers, as the post-US midterm results triggered a sell-off in the US tech stock market and also wiped out over $1 billion from the crypto market.

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin (BTC) remains under pressure, down over 3% this week, trading near $75,500 on Friday and heading for its fifth straight weekly loss. Persistent outflows from US-listed BTC spot Exchange Traded Funds (ETFs), a sharp sell-off in US technology stocks, and rising market liquidations are weighing on sentiment and limiting Crypto King’s recovery attempts.